4 things to know about the healthcare business outsourcing market

By 2022, the global healthcare payer business outsourcing market is projected to surpass $34.2 billion, as found in a Research and Markets report, according to Healthcare Dive.

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Here are four things to know:

1. ICD-10 and the Affordable Care Act are driving the market’s growth.

2. An increasing aging population, higher disease burden and increasing insurance coverage in emerging economies will fuel the market’s growth.

3. The American Health Insurance Plan estimated U.S. health spending totals $2.7 trillion.

4. However, AHIP estimated the U.S. healthcare system loses almost $800 million as a result of process inefficiencies.

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